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AI-native equity research platform Multibagg AI has raised Rs 1.5 crore in a pre-seed funding round led by AJVC. Prior to this, the startup had raised Rs 65 lakh from friends and family, taking its total capital raised to Rs 2.15 crore. The fresh funds will be primarily used for team expansion and product development, as the company looks to strengthen its AI-driven research and analytics capabilities.
According to the company, it recently crossed 10,000 users on its platform and achieved over Rs 10 lakh in annual recurring revenue (ARR). In a statement, the company’s founder and CEO, Aaditya Anand, said the platform is being built to address the gap between the growing number of retail investors and the limited availability of qualified research professionals. Multibagg AI went live with its beta around six months ago and said users have connected portfolios worth over Rs 5,000 crore and interacted extensively with its AI assistant for research-related queries.
About Multibagg AI
Multibagg AI is a seed company based in Bengaluru (India) has been founded in 2023 by Aaditya Aanand. It operates as an AI-powered stock research and analysis of listed companies. Multibagg AI provides institutional-grade equity research and analytics to retail stock market investors in India through an AI-native platform. The startup aims to build a global financial technology company from India in the equity research segment, which it describes as a multi-billion-dollar market.